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Axis Bank Ltd share Price Today

Company details

1,044.10
1,058.40
830.00
1,151.85
6M Return 2.15%
1Y Return 25.66%
Mkt Cap.(Cr) 322,958.47
Volume 10,235,318
Div Yield 0.10%
OI
-
OI Chg %
-
Volume 10,235,318

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Incur '0' Brokerage upto ₹500
Strong growth outlook; valuations reasonable for re-rating
Strong growth momentum

    Axis Bank is the third largest private sector bank in India with a balance sheet size of ₹ 11.1 lakh crore as on December 2021.

    • The bank has a large footprint across India with 4700 branches
    • Retail and SME comprise ~65% of total loans
Q3FY22

    Q3FY22 Results: Axis Bank reported a good operating performance.

    • NII up 17% YoY and 9.5% QoQ, NIMs up 14 bps QoQ to 3.53%
    • Provisions down 23% QoQ, PAT up 224% YoY ₹ 3614 crore
    • Loan growth at 16.7% YoY to ₹ 6.6 lakh crore. Retail book up 18% YoY
    • GNPA down 36 bps QoQ to 3.17%. R/s book steady at 0.63%

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Axis Bank announced Q3FY24 results:

Financial Performance Highlights:

  • Net Interest Income (NII): Increased by 9% YoY to Rs 12,532 crores.
  • Fee Income: Grew by 29% YoY to Rs 5,169 crores.
  • Operating Expenses: Rose by 32% YoY to Rs 8,946 crores.
  • Operating Profit: Slightly reduced by 1% to Rs 9,141 crores.
  • Profit After Tax (PAT): Grew by 4% QoQ and 16% YoY to Rs 6,071 crores.

Balance Sheet Summary:

  • Total Assets: Growth of 14% YoY to Rs 13,98,541 crores.
  • Advances: Increased by 22% YoY to Rs 9,32,286 crores.
  • Deposits: Rose by 18% YoY to Rs 10,04,900 crores.
  • Shareholders' Funds: Up by 9% to Rs 1,42,984 crores.
  • Capital Adequacy Ratio (CAR): Reported at 16.63%.

Business Segment Performance:

  • Retail Loans: 27% YoY growth.
  • SME Loans: Grew by 26% YoY.
  • Corporate Loans: Increased by 15% YoY.

Asset Quality:

  • Gross NPA Ratio: Decreased by 80 bps YoY to 1.58%.
  • Net NPA Ratio: Declined by 11 bps YoY to 0.36%.
  • Provision Coverage Ratio (PCR): Remains healthy at 78%.

 

Result PDF

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Axis Bank Ltd shares SWOT Analysis

Strengths (5)

  • Increasing Revenue every Quarter for the past 4 Quarters
  • Increasing profits every quarter for the past 3 quarters
  • Book Value per share Improving for last 2 years

Weakness (5)

  • Red Flag: High Interest Payments Compared to Earnings
  • Companies with High Debt
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years

Opportunity (1)

  • Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE

Threats (4)

  • Promoter decreasing their shareholding
  • Increase in NPA in Recent Results
  • Increase in Provisions in Recent Results

Resistance and support

R1 1,055.7
R2 1,064.2
R3 1,070.0
Pivot

1,049.90

S1 1,041.4
S2 1,035.6
S3 1,027.1
EMA SMA
1,062.5
1,072.0
1,063.2
1,026.2
1,072.9
1,073.9
1,077.1
1,028.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
BOFA SECURITIES EUROPE SA Block Purchase 2024-03-26 1038 4950000 BSE
BOFA SECURITIES EUROPE SA Block Sell 2024-03-26 1038 4950000 BSE
EAST BRIDGE CAPITAL MASTER FUND I LTD Block Purchase 2024-02-29 1061.5 3719896 BSE
Name Category Shares
LIFE INSURANCE CORPORATION OF INDIA PROMOTER 8.2%

OUR RESEARCH VIEW

Investment recommendation
Strong growth outlook; valuations reasonable for re-rating
Call Date
02 May 2023
Entry Price 855.00
Target Price 1,100.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Axis Bank Ltd Stocks COMPARISON

Financials( in Cr) Axis Bank Ltd HDFC Bank Ltd ICICI Bank Ltd State Bank of India Kotak Mahindra Bank Ltd
Price 1,047.20 1,447.90 1,093.30 752.35 1,785.50
% Change -0.54 0.50 0.88 2.60 0.56
Mcap Cr 322,958.47 1,099,315.90 766,930.93 671,443.18 354,895.26
Revenue TTM Cr 87,448.37 170,754.05 121,066.81 350,844.58 42,151.06
Net Profit TTM Cr 10,852.66 46,148.70 34,463.03 56,558.43 14,780.44
PE TTM 12.55 18.64 18.13 9.73 20.35
1 Year Return 25.66 -7.63 28.82 47.48 4.71
ROCE 0.00 0.00 0.00 0.00 0.00
ROE 8.75 17.20 17.66 18.44 14.14
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 129,355.62 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,068.81 33,709.58
LAST 3M 68,518.10 30,558.15
LAST 6M 130,081.93 64,349.19
LAST 12M 189,941.35 208,211.24

Axis Bank Ltd Information

Stock PE (TTM)
12.55
Promoter Holding
7.94%
Book Value
480.841
ROE
8.75%
Description
  • Axis Bank Ltd is in the Banking sector is having the Market Capitalization of worth Rs. 231,243.89 crores, it is incorporated in the year 1993. It has reported a consolidated Net Interest Income of Rs. 25,719.74 crores in March’2021. The company is listed in the Bombay Stock Exchange (BSE) with the code 532215, and also listed in the National Stock Exchange (NSE) with the code AXISBANK.

    Axis Bank Ltd is an Indian bank and financial services provider having its headquarters in Mumbai. Axis Bank’s customer base mainly consists of large and mid-size companies, SMEs, and retail businesses. The promoter group of Axis Bank consists of some notable names like United India Insurance Company Ltd, Oriental Insurance Company Ltd, Life Insurance Corporation, UTI, National Insurance Company Limited, etc. Axis Bank operates across the nation through a network of 4,096 branches and 12,922 ATMs. It is known that Axis Bank has the largest ATM network in the country among the private banks. Axis Bank Ltd has branches in nine different countries around the globe. Axis Bank also performs retail banking functions such as card services, Internet banking, automated teller machines (ATM) services, depository, financial advisory services, etc. The promoters of the company own 11.69% of the stake in the company, Foreign Institutional Investors (FII) own 52.49%, Domestic Institutional Investors (DII) own 24.28% of the stake, and others (such as public and retail investors) hold the balance of 11.55%.

    In June 2021, quarterly net revenue was Rs. 16,003.46 crores, which has decreased by approximately 2.69 % from Rs. 16,445.47 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 2,160.15 crores, which has almost doubled by nearly 94.23% from a net profit of Rs. 1,112.17 crores in June 2020. In June 2021, the reported operating profit was at Rs. 16,511.1 crores, which has remained consistent when compared to an operating profit of Rs. 16,510.68 crores for the quarter ending in June 2020. From Rs. 3.94 in June 2020, the EPS of Axis Bank Ltd has risen to Rs. 7.05 per share in June 2021. AXISBANK’s stock closed at Rs. 754.4 on 18th August’2021 (NSE) and has returned a negative 3% in the last six months and 72.18% in the previous year.

Registered Address

Trishul 3rd Floor Law Garden, Ellis Bridge, Ahmedabad, Gujarat, 380006

Tel : 91-79-66306161
Email : shareholders:axisbank.com
Website : http://www.axisbank.com
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532215
NSE Code : AXISBANK
Book Closure Date (Month) :
BSE Group : A
ISIN : INE238A01034

FAQ’s on Axis Bank Ltd Shares

You can buy Axis Bank Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Axis Bank Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Mar 28, 2024 03:59 PM the closing price of Axis Bank Ltd was ₹ 1,047.20.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Mar 28, 2024 03:59 PM, the market cap of Axis Bank Ltd stood at ₹ 322,958.47.

The latest PE ratio of Axis Bank Ltd as of Mar 28, 2024 03:59 PM is 12.55

The latest PB ratio of Axis Bank Ltd as of Mar 28, 2024 03:59 PM is 0.46

The 52-week high of Axis Bank Ltd share price is ₹ 1,151.85 while the 52-week low is ₹ 830.00

According to analyst recommendations, Axis Bank Ltd Share has a “Buy” rating for the long term.

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